Understanding the performance of your IT delivery function is critical to making investment and cost reduction decisions. Whether you have a predominantly in-sourced or an outsourced environment, there will inevitably be areas where you are facing costs pressures.

PFIKS can execute a rapid performance assessment designed to identify cost saving opportunities and to provide pragmatic recommendations to deliver returns in weeks rather than months.

In the current business climate we are recommending that all of our clients assess their existing cost base, using a variety of sourcing levers, including:

• Investigating alternative sourcing options to reduce operational spend and deliver significant cost savings. Outsourcing and offshoring may also improve access to specialist skills.
• Renegotiating existing outsourcing deals to improve commercial terms and align service levels with current business requirements. You may want to consider changing the structure of your outsourced deal moving to an output based / SLA contract rather than an input / resourced based contract.
• Leveraging alternative finance options to fund major business or IT transformation projects or to fund your operational spend.
• Assessing your portfolio of services to identify new opportunities for outsourcing, shared service or offshoring.

We work with our clients to reduce costs and timelines at all stages of the sourcing lifecycle. Our work provides real, tangible benefits in terms of cashable savings and reduced timescales. resulting in practical, measurable results. Some recent examples include:

• Negotiated a 40% reduction in IT outsourcing costs
• Reduced ITO procurement timescales by 4 months
• Identified 10% cost savings in an existing outsourcing contract
• Identified a 20% reduction in contract pricing